According to the companies, the combined business will provide clean energy solutions to a wide range of end-markets around the world, including household, industrial, gas transportation, marine, rail and vehicles.

“We are really happy to have reached this milestone”, says Hexagon CEO and President Jon Erik Engeset. “We believe the timing to be optimal. Fuel price spreads are back at attractive levels, payback times are favorable and the global focus on the environment has never been stronger. Our combined solutions portfolio and expert teams represent a unique value proposition to the markets.”

“Hexagon has been a strong, supportive investor in Agility for the last two years,” says Agility CEO Kathleen Ligocki. “We share a common vision, values and strategic goals and look forward to an exciting future together. For our customers, this will provide Agility access to greater global resources and scale across a broad portfolio of sustainable energy technologies.”

Agility’s equity is $250 million, according to the news release. The agreement was signed on Nov. 8, and is expected to close in January 2019.

Joelle Harms, an Ohio University E.W. Scripps School of Journalism graduate, creates content for digital properties at North Coast Media, parent company of LP Gas, including e-newsletters, videos, social media accounts and websites. Her specialization in creative writing aids in developing the content voice and message for the company’s online presence.

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